J. M. Smucker (NYSE:SJM) Downgraded by StockNews.com to Sell

J. M. Smucker (NYSE:SJM) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

SJM has been the topic of several other research reports. Argus reduced their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. DA Davidson reduced their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Barclays lowered their price target on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Citigroup raised their price objective on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, TD Cowen lowered their target price on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $132.64.

J. M. Smucker Stock Down 1.5 %

Shares of NYSE:SJM opened at $109.03 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The business has a 50 day simple moving average of $111.98 and a two-hundred day simple moving average of $119.97. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $153.94. The firm has a market capitalization of $11.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business earned $2.64 EPS. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that J. M. Smucker will post 10.06 EPS for the current year.

Insider Activity

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC increased its position in shares of J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Advantage Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth about $33,000. Valley National Advisers Inc. boosted its position in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after buying an additional 272 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in J. M. Smucker in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.